Ruling out unstable New Keynesian equilibria: A note. Drive version, SSRN WP, Slides.
Asset pricing with short-selling constraints and many belief types: Three fast solution algorithms. Drive version, SSRN WP, Codes.
Optimal indexation of GDP-linked bonds (with Juyi Lyu). Drive version. SSRN WP, Online Appendix, Codes.
Nominal GDP targeting and the tax burden (with Juyi Lyu). Drive version, SSRN WP, Online Appendix, Codes.
Endogenous extrapolation and house price cycles (paper , WP version, blog post)
Housing and intergenerational welfare distribution (slides, with C. Forlati and A. Mennuni)
Hatcher, M. 2025. Simulating multiple equilibria in rational expectations models with occasionally-binding constraints: An algorithm and a policy application.
Macroeconomic Dynamics 29 [e73]. Available open access here. SSRN Working Paper, Online Appendix, codes
Hatcher, M., Hellmann, T. 2025. Networks, beliefs, and asset prices. Journal of Economic Dynamics and Control 173 [105059]. Available open access here.
SSRN Working Paper, Online Appendix, Codes.
Hatcher, M. 2024. Optimal pensions with endogenous labour supply, Economics Letters 244 [112033]. Available open access here. Online Appendix, Codes.
Hatcher, M. 2024. Heterogeneous beliefs and short selling taxes: A note, Journal of Economic Dynamics and Control 168 [104970]. Available open access here. SSRN Working Paper, Online Appendix, Codes.
Hatcher, M. 2024. Solving heterogeneous-belief asset pricing models with short selling constraints and many agents, Macroeconomic Dynamics: 1-24. Available open access here. SSRN Working Paper, Online Appendix, codes.
Hatcher, M., Hellmann, T. 2023. Communication, networks and asset price dynamics: A survey, Journal of Economic Interaction and Coordination 18: 1-58. Paper and codes. Available open access here.
Hatcher, M. 2022. Solving linear rational expectations models in the presence of structural change: Some extensions, Journal of Economic Dynamics and Control 138 [104359]. Available open access here (Online Appendix, codes, slides).
Hatcher, M., Pourpourides, P. 2022. Does the impact of private education on growth differ at different levels of credit market development? Review of Development Economics. Paper and repository.
Hatcher, M. 2022. Education, borrowing constraints and growth: A note, Economics Letters 212 [110274]. Paper. Replication code and repository.
Hatcher, M. 2019. Should a pension reform be announced? A reply, Economics Letters 183 [108583 ]. Paper. Replication code and repository.
Hatcher, M., Scheffel, E. 2016. Solving the incomplete markets model in parallel using GPU computing and the Krusell-Smith algorithm, Computational Economics 48(4), 569-591 . Available here.
Hatcher, M., Minford, P. 2016. Stabilisation policy, rational expectations and price-level versus inflation targeting: a survey, Journal of Economic Surveys 30(2), 327-355. Available here.
Hatcher, M. 2014. Indexed versus nominal government debt under inflation and price-level targeting, Journal of Economic Dynamics and Control 45(C), 126-45. Available here (Online Appendix, codes).
Creating capital buffers is the way to prevent bank runs. Financial Times, Letters, 19/08/21. Print version and online.
Extrapolation and house price cycles. Rebuilding Macroeconomics, 04/03/21. Available here.
Do expectations drive big events? Rebuilding Macroeconomics, 11/12/19. Available here.
The frightening maths that shows Britain's austerity future (with A. Mennuni). The Conversation, 24/03/15.
Inflation targeting vs price-level targeting: A survey of theory and empirics (with P. Minford), VoxEU Policy Portal, 11/05/14.
Time-varying volatility, precautionary saving and monetary policy. Bank of England Working Paper 440, 2011.
Speed limit policies versus inflation targeting: A free lunch? Cardiff Economics Working Paper E2008/20. Based on a chapter of my MSc Dissertation (2007). Available here.
The preliminary R&D satellite account for the UK: A sensitivity analysis (with P. Evans and D. Whittard). Economic and Labour Market Review 2: 2008, 37-43.